ICS Nears Production of Third Party Ore

25.11.2008 – 00:38

Abbotsford, Canada, November 24 (ots/PRNewswire) - ICS Copper
Systems Ltd. (ICX:TSX.V) is continuing to advance the Mokambo
project EMEW plant toward production of third party ore. To this end
the Company is negotiating with ZESCO, Zambia's largest power
utility to install a 4.2 kilometre 11 kV three phase powerline to
ICS's EMEW plant and compound. This will provide the necessary and
cost effective power to operate its EMEW plant using third party
ore. If ZESCO can install the powerline in a timely manner and the
EMEW plant is completed at the same time, copper production could
start in early 2009. The Company remains confident that it will be
able to produce copper profitably and lessen the effects of the
current world financial crisis.
ICS feels that by cost effectively advancing the EMEW plant and
addressing its power requirements, it will be well positioned to take
advantage of future increases in copper prices.
The Company also wishes to announce that the 2008 annual
financial statements and the MD & A documents are available on
SEDAR. Additionally, the Company also wishes to announce that the NI
43-101 mineral resource technical report for the sulphide
mineralization on the Mokambo property will be available on SEDAR
shortly. Furthermore, Coffey Mining will release a separate report
on the oxide zone mineral resource shortly.
Resignation of Director
Fred Sveinson has resigned as a director of the company stating
that he needs to focus more fully on his role as C.E.O. of Merit
Mining Company (MEM- TSX.V). The Company wishes to extend its
appreciation to Fred for his contributions to the Board since
inception.
ICS COPPER SYSTEMS LTD.
Signed "Graham Chisholm"
Graham Chisholm, President & CEO
This release includes certain statements that are
"forward-looking statements". All statements in this release, other
than statements of historical facts that address future exploration,
development and production activities, and other circumstances,
events and developments that the Company expects, are
forward-looking statements. Although management believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance, and actual results, events and developments may
differ materially from those in the forward-looking statements. The
occurrence of certain risk factors, the probability of which is
unknown, may also affect actual results, events and developments
expected by the Company.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information: Graham Chisholm, graham@icscopper.com,
Office: +1-604-859-3007, Cell: +1-604-302-0746
Web Page: http://www.icscopper.com
ots Originaltext: ICS Copper Systems Ltd
Im Internet recherchierbar: http://www.presseportal.ch
Contact:
For further information: Graham Chisholm, graham@icscopper.com,
Office: +1-604-859-3007, Cell: +1-604-302-0746